The Pros and Cons of Having a Home Business
Working at home can be both great and frustrating, but having done it for the last 20+ years, I have found that the great parts outweigh the frustrating parts by a lot. I mean, who wouldn’t want to earn money staying home all day?
With any type of job there are good things and bad things to consider, and working at home is just another job. I’d like to offer some of my observations on the pros and cons.
The Value of Working at Home
The most obvious benefit of working at home is not having to go to an office. It’s nice being where you are comfortable and you can wear anything you want, including nothing! Unless you have clients coming over or must be on a webcam, you can pretty much dress as you like.
On My Time
Another benefit is being able to set your own schedule. I am not a morning person and with the path I’ve chosen I don’t really have to be. I can get up when I want on most days and drink my coffee in complete relaxation.
Being available for my children is a huge plus. Whenever they have school events or dentist appointments, I can easily arrange my days to be there for them. I can also pick them up from school and help with homework. I have found that the bond this has created is incomparable.
Shopping and Errands
Mid-morning is the best time to have to run to stores or get any errands done so you don’t have to fight the crowds. I don’t do it often, but when I have to shop I do it at 11:00 instead of 6:00. This save me a lot of time.
I’m the Boss
I know that I would not have done well in Corporate America because I have a definite problem with authority. I really like to do things my way, on my schedule. I love that I can make my own decisions about my business, my future, and my time.
When you work for someone else, there is usually a set amount of money you can make unless you’re in sales. Working for yourself is like being a sales rep. Your income potential is only limited by the amount of work you want to put into it. The sky is the limit if you are willing to work hard and be creative. There are so many potential ways to make income if you look for them.
The Downside of Working at Home
Lack of Motivation
This is the hardest part for most people, but having done it for so long I’m really used to it by now. Sometimes it can be hard to ignore that laundry and write business letters or update my websites. The key is setting a schedule for each day, even if it’s just an item or two. It definitely helps to keep you on track because it’s usually just a matter of getting started.
You are it
When it’s your company and you are the only employee, there is no one to take over in case you are sick or if something needs to be done and your kids have to be picked up. Being good with time management is definitely a very important quality for a stay-at-home worker.
No health insurance
I’ve been very lucky that for the last few years I’ve been able to get health insurance through my partner’s company. Before that, I had to get my own self-employment insurance and it can be very expensive. Although there are new plans available to help the self-employed through the ACA which is helping many people cope with getting plans for their families, it’s definitely something to consider.
It’s nice being able to be there for your kids, but sometimes they can prevent you from getting any work done. I try to get everything done while mine are at school, but summer vacation can present a real challenge.
It Can Be Done!
Whatever you decide to do with your home business, it’s good to know that you are in control. With the internet at your fingertips, there is a wealth of information available to help you along the way.
There is real, valuable training to create an online business!
Having joined the wonderful community at Wealthy Affiliate, I have been able to create this website and also my LEDLightingInfo.com website and I’m starting to make income from them. I hope to fully transition from my home-based lighting business to making a living from my websites. It’s completely free to try it and you will be building a website in a matter of days.
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